23ITransactions

#### 23I Transactions 23I Transactions > > (1) The Registrar-General may refuse to register a transaction with respect to a lot in a plan of subdivision for lease purposes unless it comprises— > > > > > (a) the lease of the whole of the lot for a period that, including the period of any option to renew, does not exceed 20 years, or > > > > > (b) the transfer, conveyance, sublease, variation or mortgage of a leasehold interest so created. > > > (2) This section does not apply to an agreement with respect to land the subject of a proposed plan of subdivision for lease purposes, but the agreement is taken to be conditional on the registration of the proposed plan. > > **s 23I:** Ins 1997 No 152, Sch 2 \[3\].